At number 3796th in the list of Australian suburbs ordered by increase in median house value over the last year, Tennant Creek, 0860 is in the BOTTOM 10% with a property value increase of -9.50% recorded in median house prices.
While Tennant Creek,0860 ranked number 20th in NT for increase in median house value (annualised) increase, it is ranked 34th over the last 5 years.
Renters in Suburb are facing rents around $21840 per annum or $420 every week.
Information supplied by:
Tennant Creek, NT – Occupancies stay low
Median house price: $190,000
Vacancy rate: 0.6%
Three-year growth: -24.0%
Tennant Creek showcases the heart of the Outback, with a wealth of history, nature and culture. The last gold rush in Australia happened in this area in the 1930s, and since then, it has been known as the Top End’s “heart of gold.”
The Battery Hill Mining Centre celebrates this heritage by offering an underground tour. The Warumungu people reside here, and the Nyinkka Nyunyu Art and Culture Centre pays tribute to the native culture next to the Winanjjikari Music Centre. Lake Mary Ann is a picturesque swimming spot that can be reached via a walking trail through the Honeymoon Ranges.
After prolonged period of decline, Tennant Creek is picking up, with vacancy rates remaining quite tight.